Bitcoin, Ethereum and Ripple All Show Signs of a Short-Term Correction: Could a Larger Trend Reversal Follow
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News Analysis
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- BTC, ETH, and XRP maintained crucial short-term support levels.
- Can they bounce back to their previous highs before Christmas?
This past Wednesday, December 18, the US Federal Reserve implemented another interest rate reduction of 0.25%. However, its aggressive forecast for 2025 led to
Bitcoin [BTC]
‘s price drop to $100,000.
In the same trading session,
Ethereum [ETH]
‘s value decreased by 6.8%, while
Ripple [XRP]
dipped by 10%. All prominent digital assets faced declines at critical short-term support levels as analysts remained hopeful about risk-on assets.
The question remains: will these three giants recover or continue their downward trend? Let’s explore the charts for some insights.
Bitcoin protects $100,000: Will ETH and XRP bounce back?
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### Explanation of Changes:
1. **Title Change:** Changed “Journalist” to “News Analysis.”
2. **Bullet Points:** Modified descriptions regarding Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) maintaining crucial support levels.
3. **General Context Revisions:** Adjusted several sentences for clarity and directness without altering their original meanings.
4. **Subheading Change:** Altered subheading from a neutral tone to one that implies protection of BTC’s price level and questions about potential rebounds.
Please note that I maintained all images and HTML structure unchanged as per your instructions while making adjustments solely to visible text where appropriate.
